Tricky Twister EA | New From The Forex Warrior Team

Hi Guys, here is yet another EA from the Forex Warrior Team. This one is called the Tricky Twister EA. Tricky Twister EA is a 2-in-1 EA that combines two complimentary strategies. One of them takes its profits when market is trending, whereas the second one takes profits when market is ranging.As a result, EA is capable of bringing continuous profit practically in all market conditions.

The first strategy (BreakOut) is based on the fact that the price will eventually move either up or down. So, this strategy tries to place trades along the trend in order to take its profits. If the trend is reversed, the trade is closed and the opposite trade (of larger volume) is opened. In this way, the first strategy takes its profits when price breaks out of the channel either up or down. It works best on the trending market. During the ranging market, this strategy accumulates drawdown, which will be compensated (with a surplus profit) when price breaks out from the range.

The second strategy (Range) is a counter-trend one. It opens trades when price moves rapidly and away from its moving average, in the direction opposite to the price movement. This strategy takes profits at the price retreats. If the price continues its directional movement, new trades will be opened against the price movement. So, this strategy uses a variety of the grid martingale algorithm. As compared to many other grid martingale EAs, this strategy can be considered as a conservative one, since (i) the first grid level is placed when price is already far away from its moving average and (ii) increase of the volume of the trades is relatively slow.

The unique feature of Tricky Twister Fx is that the periods of the peaked drawdowns of the two strategies do not overlap! Market can be either trending or ranging at a given time, but not both.This feature allowed us to achieve a much more even distribution of the marginal load on the deposit and a double profitability of the EA as compared to other martingale strategies.

The EA will go on sale in May for around $229. Backtests are impressive for this type of strategy similar to the Forex Warrior.




TRICKY TWISTER EA

TFOT Robot | Strategy Flow Chart

Hi guys, I have talked about this robot in the past but wanted to pass along a nice flow chart that explains everything quite nicely, Let's have a look into the strategy.

Many people have criticized this robot for being a direct copy of Forex Combo EA. It is my feeling that this robot is a bit more sophisticated than Forex Combo. With the implementation of a neural network and a news filter on the scalping end of things this IS more advanced.

There is a long running REAL account started with 10,000 USD real money and it has performed quite nicely. We can view this account by clicking here.

Backtesting of TFOT has proved to be in line with forward testing. Look Below.

Since its inception on September 2010, the real account has made close to 40,000USD starting from 15,000USD!. All of this while realizing only 15% DD.

This is definitely one of the longer running successful LIVE account running on Myfxbook along with Forex Growth Bot.

VISIT TFOT

Discipline When Trading With Expert Advisors

Hi Guys, today I want to talk about the amount of discipline required to trade any strategy. It does not matter what your style of trading is, you will require much disciple to continue to trade successfully.

Most novice traders will pick a strategy they like and begin to trade with it expecting to win each and every trade. Next they have a losing month, (which EVERY strategy has) and they begin to look for another strategy(like the holy grail that does not exist). This process continues until one notices that if I stuck with the original strategy I liked, I would be "x" amount in profit by now.

This is one of the greatest hurdles to wrap you head around when beginning to trade a strategy. If you can find a profitable strategy that suits your style of trading and stick to it, you will be well on your way to becoming successful trading.

New From Forex Shocker Team | Forex Luxury

Hi all, This one is being promoted as a successor to the Forex Shocker scalping system. The Forex Luxury system sells for $179 and is NOT a scalping system.

The system trades 3 pairs on the 1 hour time frame. Take profits are in the order of 10-20 pips. Stop losses are typically around 40-50 pips. So with this being said R:R ratios are around 2:1 so not fabulous.

Below is a forward test of this EA


So far so good, but don't they all look good when they first start trading?

This on is being advertised as not being broker sensitive and NFA compliant for all US based FIFO compliant traders.

What I don't like about this one is the usual pictures of yachts and palm trees that can be found on "scam" forex products. Also the lack of any Myfxbook accounts as well.

But what I do like about this EA is the fact that it trades 3 pairs on the H1 time frame. This should be a better system to trade on alive account than Forex Shocker was.

FOREX LUXURY MORE INFORMATION

Wallstreet Forex | New Gbp/Usd Settings

Hi Guys, Wallstreet Forex has just informed me via email that they have released a new setting for the Gbp/Usd pair. The New setting uses a tight 30 pip Stop Loss and a 90 pip TP!

"After the success of the EUR33 alternative settings, we decided to develop similar settings for the GBPUSD. The GBP30 alternative settings are already available in the "Alternative settings" section of our website.

The new GBP30 settings are very stable and secure, with Recovery Factor=26 and Profit Factor=2.1 for the last several years. For that reason, we decided to run this version together with the EUR33 version on one account (our EUR33 real money account).

Both the versions use 30-33 pips stop loss, so the "Recovery mode" option is very reasonable choice. We will run them with 7% risk (AutoMM=7) on our real EUR33&GBP30 account."

Backtesting of this new setting looks almost as good as the "Eur33" Setting that was previously released.

It would be interesting to run this new setting along with the "Eur33" setting. Although maybe without the recovery mode set to true, as this may lead to excessive DD and possibly a margin call if running with leverage of 1:50.

If anyone is running this new setting please post your experience on this blog. Thank You.

LEARN MORE ABOUT THE WALLSTREET FOREX ROBOT.

MACD Turbo V2.0 | Excellent Free EA

Hi guys, so this is a Free EA from XeroFx. It trades on the H1 time frame of the Gbp/Usd pair. It can be traded on the other majors, but it would need optimization.

I ran a quick backtest of this and I must say I was impressed. I paid money for EA that were MUCH worse than this.

Take a look at this quick backtest.

Yes I am aware that this is a small sample size, but heck the thing is FREE. I will probably run a longer backtest when I have the time to do it. : )



I adjusted the TP to 150 pips and the SL to 100 for the test above. Everything else is Default.

If you are just starting out trading Forex I would HIGHLY recommend you download this expert and put it on a DEMO account to get a feel for how it trades. You will definitely get your feet wet with this one.

I may actually use this on some real money in the future. After I run a longer backtest I will make that decision. Until then I will play around with this one for a long time to come.

MACD Turbo V2.0 Free EA

Fx Flash | Trade 7 Pairs for $47

Hey guys, Well here is a Forex Ea bargain if I ever heard of one. With Fx Flash we can trade 7 currency pairs for a mere $47.

This one is brought to us from the makers of the Forex Overdrive System. It is a scalper by nature and can either be traded on the 15 min time frame or the H1 time frame.

What about backtests?

There are 99% modeling back tests available for each of the 7 currency pairs that are supported by the vendor.

I really like the diversity of the 7 pairs with this EA. This reminds me of the Wallstreet Forex robot, with tighter stop losses. Note that tick data goes back to 2007 only so we can not achieve a 10 year backtest.

Now lets take a look at the live trading results below.

So far so good, but at time of writing this was a small sample size.

There are supposedly 16 different versions that can be traded with this one, but only 7 are recommended and supported.

You may remember the Forex overdrive with its very poor risk to reward ratio. I like this one from the team because it has a much better risk to reward ratio indeed. Heck for only $47 it probably is a no brainer!

FX FLASH PRO 2.0